Micro-caps could re-rate to become the highest-rated equities in the UK market, particularly if interest rate rises are kept on hold, according to River & Mercantile's Philip Rodrigs.
The manager of the UK Micro Cap trust, which listed in December last year, said he is “surprised” to see so many opportunities within the micro-cap space. “When we listed last December we felt there was a window of opportunity in micro-caps, and I am very surprised that is still there. The valuations are back to the level they were in 2009, but the economy is in much better shape than it was then,” he said. R&M soft closes Rodrigs' UK smaller companies fund Rodrigs added earnings growth in micro-caps has not yet been fully reflected in share prices and, as this happens, the stocks ...
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